Turkish currency at noticeable decrease

The Turkish currency continues its deterioration after the United States imposed sanctions on two Turkish ministers, in relation to trial of the American pastor accused of supporting the 2016 coup.

Turkish currency at noticeable decrease
2 August, 2018   10:15

NEWS DESK

According to Bloomberg site, the Turkish currency has dropped today to 5.0657 liras to the dollar.

The Turkish currency has witnessed a decrease of 5.015 to the dollar, when the White House imposed sanctions on the Judge Minister Abdul Hamid Gul and the Interior Minister Suliaman Soylu because of the American pastor Andrew Branson’s detention.

The Turkish currency has lost fifth of its value this year, due to the inflation amid concern of the central bank’s independence before the Turkish president’s demands to decrease interests’ prices.

ANHA